Topic: Lose all your capital fast, with MatTheCat and his TA 101A! - page 2. (Read 85774 times)

Pretty idiotic straw man response. Other traders can "price discover", but you don't have to participate in that. At all. Just like 99% of the rest of us long term hodlers.

You know perfectly well that you don't have to trade or buy on an exchange at all.

Thats true.
Nobody knows what will come next.
Its always good to keep an eye out for potential interest or entrys.

I wish you good fortune,

YORK goes to sleep.

Fully out.

Sold a big bunch of Alts in order to buy a big load of Mescaline b4 my fav darknet vendor (gammagoblin) stopped peddling Mescaline for good.....it was a bad time to sell but I felt compelled to do it for this reason.

Got that used to watching Bitcoin though, it has become a habit that I have gotten into and will likely always do.....not a bad thing.....good to keep abreast of what is happening in various markets.

So you still active in crypto?

You are now in alts or you are out, fully?

No exchanges, no price discovery, no price discovery, no value in BTC.

Just use a coldwallet and you will be fine.
I never used an exchange and I have a ROI of more than 50% in 4 months because of BTC.

Using exchanges is outdated IMO.
Innovate or get rekt mate, thats the game.

The last BTC that I will ever lose was the BTC that was taken out of my account by Kraken and then Finex last summer.

The exchanges are where the BTC market is made and where the prices are set, and the exchanges cannot be trusted.

Not a market I care to be in.

Thanks, for you just enjoy losing BTC'S every day.
NEWB.

pfffft....

It will all come out in the wash.

You are 100% invested in a pioneering prototype experiment, that has become a quagmire of fucking crooks and financial sharks in a shitpool of unregulated financial shenanigans and skullduggery.

.....for now, they are ramping the fuck out of Bitcoin, despite the mysterious goings on at Finex, in China, and the varying differentials between different exchanges which may or may not be solvent. If you look at Bitcoin's history, no significant bull run has ever petered out without an explosive blow off top. For my money, we haven't had that yet and the law of averages states that it should be yet to come (unless Joe Public just refuses to bite en masse this time around), but beyond that, whether Bitcoin is even a viable product/commodity in the long run and whether it will even survive in any meaningful way is totally up for question.

If humanity where in a better condition, especially when it comes to financial markets, then Bitcoin wouldn't be in the state that it is, but Bitcoin has been turned into a totally rigged giant pyramid scheme and I wouldn't care to suggest where the whole thing will top out before they cash in and pull the rug out from under its feet.

....so just kick back and enjoy stacking up your paper profits, just as investors in Bernard L. Madoff Investment Securities LLC all used to enjoy doing, until they didn't.

P.S. ftw, I called $1500 BTC back in Sept 2016. Check this thread if you don't believe me. That of course doesn't mean that I am denying that I would have cashed out by now based on bearish TA....and btw....whilst that first sign of bear divergence on the weekly was washed out, there is yet another 2nd bear div peak forming right now, when the fall comes, it will likely be collolsal.

Not really if you're not a day trader and just hoard it without selling at the peaks.  BTCE is $$1400 right now, $200 lower than Bitfinex.  We all know the price always crashes down to whatever the most BTCE can sustain.  When it crashes to meet the BTCE price, BTCE will also dump more and it will probably be $1300 or lower then.  The so called smart people weren't the ones holding BTC either.  I've been in Litecoin this whole time and made way more than BTC people have.

Whoever bought down at 1300 is looking pretty smart right now.

LMFAO, I almost choked myself in my hodl money

Mat. Mat mat mat maaaaatttt. We just CRASHED! A HUNDRED bucks in like a minute! All the way down to 1500! Don't you have anything to say???!?

I mean just imagine it, imagine if you had listened when all the FOOLS told you to market buy and not touch your damn coins for a while. Good thing you dodged that bullet! You must be feeling pretty good about yourself! Wish I was as cool as you!

Just cos its a total scam, don't mean they can't scam it much much much higher up than where it is now.

Both technicals and fundamentals are looking fucking awful....

Confirmed momentum and volume divergence on Weekly candle charts across multiple exchanges is grade A technical red flag.

The blatant shenanigans at Finex and the Chink exchanges, and the fucking wild price differentials, not to mention the pending hard-fork quandary is a grade A fundamental red flag.........

......but can Bitcoin go up much further from here? Sure....but I wouldn't recommend to anyone that they buy it. If someone has money to gamble on Bitcoin right now, then they may as well just take that money to the roulette wheel and place it on red or black.

When I say that I wouldn't recommend that anyone buys Bitcoin right now, I do recommend to you Ibian, that you buy some more, and under no circumstances, should you sell anything. don't want to be missing that Bitcoin moon train eh?

You are too smart to have turned into a mat. Quit it. Get your biases under control and come back to your senses.

Right now is the scammiest I've ever seen the bitcoin market.

No volume, $300 spread with China, $100 spread between Scamfinex and everywhere else.  There's no buyers at this price with these type of circumcstances going on.  You need to literally be a complete fucking fool to buy right now.  If you somehow make money from this Scamfinex fraud rise, it's not because you were doing something right.  Have fun with that shit.  I'm only interested if leveraging doesn't appear to be complete suicide.

Bitstamp:



Now you even have a $54 spread between BTCE and GDAX.

That remains to be seen.

I posted a Weekly chart, which suggested that the bull run is running out of steam........and perhaps it is......we won't know until the pennies drop.......(of the side of a cliff).

In one way it would please me to see Bitcoin reverse here, as it would be a great example of confirmed momentum divergence working the way that the theories all say it should, but it would perhaps please me even more if Bitcoin got up to $1500, as this is the price target that came to me through the misty depths of the unconscious mind (which I believe connects to the collective unconscious mind) whilst I was whacked out my head on Mescaline.

I rate intuition above intellectualism and would like to learn to trust intuition much more......

.....but if I hadn't been robbed by Kraken and then Bitfinex and I hadn't pulled what I had left 100% out of Bitcoin and I did ride the BTC ramp up, then I would have sold most or all of my stack by now, based on what TA is telling me.


Every bull is smart cunt until the rug gets pulled out from under the markets feet. It WILL happen again. That goes without saying.

Lose all your capital fast, with MatTheCat and his TA 101A

Maybe those bidders know something we don't? Maybe all those big bundles of capital are just like loose change whoever made those bids? Maybe the lion share of all that action is shenanigans just like we see on most other exchanges, who knows.

To any rational mind, Bitcoin right now is a scary over cooked over ramped market......but it is a bull market, and bull markets tend to defy all rationality, especially as they get towards their zenith.....big flashing warning signs now on the weekly chart. That hasn't changed since I posted my last TA chart where I did point out that there was still a lot of room for manoeuvre (since it was Weekly time frame), but who knows....we will see...either way, I have nothing to win or to lose.

What did you expect? Acknowledgment of daily average ATHs for both USD and CAD?

The last thing some people want to admit is that despite all their anti-Bitcoin bearishness, Bitcoin is doing just fine.

Bitcoin's price is not determined by shenanigans at a small handful of exchanges, nor by lines on silly little charts.

I think most intelligent people realize that most bitcoins are traded OTC or face-to-face by real people or their machines, not on retail exchanges.